Vodacom’s 2011 preliminary growth figures released


Vodacom has released stats on their financial performance and growth for the the year ending 31 March 2012.

The company’s group service revenue and group EBITDA have increased by 7.8% and 10.5% respectively, while there was a 54.3% increase in the total dividend per share (up to 710 cents).

Vodacom’s customers increased over the period by 29.9%, adding 11 million new clients to their user base. The company also holds the top spot for net promoter score (NPS) in South Africa. Active data clients jumped by 35.4%, bringing total users for 12.2 million over the period. Smartphones active on Vodacom’s network rose to 5.1 million handsets and the company saw data revenue growth of 23.6%.

Vodacom CEO Pieter Uys said “Our first year of trading as the new red Vodacom has been a big success. Our customer base has expanded 30% to 48 million, we’ve invested R8.7 billion in our networks and we’ve achieved the number one net promoter score in South Africa and in two out of our three measured International markets. From a financial perspective, thanks to building the top line and also managing costs, EBITDA is up 11% and HEPS is up 8%.

Perhaps more importantly, we’ve seen strong delivery in the areas driving growth into the future – data and the International businesses. Combined, these accounted for 87% of the growth in Group service revenue. We added five million active data customers, taking the total to 15 million and supporting data revenue growth of 27%. The International customer base has now reached 19 million, an increase of 36%, and this segment has passed the important milestone of generating positive free cash flow.

Overall, the team delivered a very solid performance and the platforms for growth are well established. The 24% growth in Group free cash flow supported a higher dividend of 710 cents and helped us deliver a 45% total shareholder return.”


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